Experian, the global information solutions company, announces that it has acquired N4 Solutions, a UK-based mortgage sector and financial services software provider.
The acquisition is a strong strategic fit with Experian's consumer credit activities and represents a natural extension to Experian's application processing capabilities.
Founded in 1999, N4 Solutions provides industry-leading software which helps mortgage providers to allocate the most appropriate mortgage to a customer, while helping financial services clients meet key compliance objectives. Its clients include large UK mortgage providers, such as Barclays, Nationwide and Portman.
Sales of N4 Solutions in the year to 31 March 2007 were £9m and gross assets as at 31 March 2007 were £2m, excluding cash. The company was purchased from its founders and will form part of Experian's Credit Services activities.